Lattice Semiconductor Corp (LSCC) recently had a breakout from the short downtrend and found support off the 50-day SMA. With the Ipad launch on Wednesday, I anticipate Tech stocks could see a quick influx of buyers. Unfortunately, I was unable to load up on LSCC due to the quick run-up after the downtrend. Now that [...]
ALVR–Bought this one today in anticipation of a break out sometime this week. It needs to go over 2.08, bought at 2.01 since it looked like the risk wasn’t too bad as there’s support at 2, 2.98ish, and then 2.95. Was a little proud of my patience when…
Akamai Technologies Inc.(NAASDAQ:AKAM) is one of the worlds leading providers of accelerating and improving the delivery of content and applications over the internet. The stock has declined sharply since February 9, 2011 when it reported earnings that were not received well by investors. The stock is trading lower again today by $2.08 to $37.40 a [...]
As Econophile reported recently, the #2 person at the Fed (Janet Yellen) came out last week insisting that creating more money was key to economic growth, and that the Fed needed to do a better job that it would persist in this money creation for longer than many expect. Her reasoning has something to [...]
The markets are fading off the highs of the day as lingering global fears persist. In addition, this is a classic retrace back higher after the major drop last week. A retrace states that after a significant two or more day move, the market or stock making the move will jump in the opposite direction [...]
Last Thursday, silver collapsed. After hitting a high of $33.00 the previous day on the iShares Silver Trust (NYSE:SLV), it dropped to a low of $30.96. This did some major technical damage to the chart. However, between last Friday and today, silver has roared higher, surging through the $33.00 level. The SLV is currently trading [...]
The markets are having their second straight bounce day on the back of light volume and continued semi calm in the Middle East and Northern Africa. Libya continues to be in a civil war but overnight China began putting pressure on Moammar Gadhafi to step down. This helped drop oil back to the flat line [...]
The Oil Services Holders Trust(NYSE:OIH) is a basket of the leading oil services stocks. This morning the OIH has come under some pressure trading lower by 41.90 to $161.35 a share. Short term traders can watch for intra-day support around the $160.75 area. This is where an intra-day short term bounce is likely to occur. [...]
The U.S. Dollar Index has declined sharply again this morning. The U.S. Dollar Index is trading lower by 0.47 cents to $76.79. This is the lowest the U.S. Dollar Index has traded since November 4, 2010 when the index traded as low as $76.17. On January 10, 2011 the U.S. Dollar Index was trading as [...]
This morning the personal income and spending numbers were released. The income and spending numbers were just a slight bit better than economists had expected. The S&P 500 Index e-mini futures(ES H1) were already trading higher this morning by 6.50 points to 1325.25 on a the back of a pullback in oil. Right now the [...]
